Tuesday, October 9, 2018

RedCab - Decentralized Transportation Solution

RedCab LLC was founded by mid of 2016 to reinvent the peer-to-peer transportation solutions by solving a real problem through understanding the root causes of riders’ and drivers’ actual needs and deliver an innovative solution governed by customer experience, transparency, and efficiency.

RedCab LLC is a fast forward company with a futuristic business model in the transportation space. From technical aspects to business model, a dedicated research team spent 1 complete year researching needs, assessing market gaps and exploring potential with a focus on riders’ experience and driver needs.

Our first beta version of the Mobile App went live in 2017 on both the App Store and Google play, and the soft launch took place in a small touristic spot by the Red Sea for more on hand operation and to test the car hailing service, which consumes a big part of our business model. We see a massive potential in the industry and rising demand in all metropolitan cities with a future growth expectation for the industry to reach $285 Billion by 2030.

The goal of RedCab’s token sale is to convert our business model from a centralized app into a decentralized ecosystem that allows access to global reach and reduce expenses of transportation for users. Saving more than $60 Billion annualy made through middlemen, raise funds to develop our infrastructure and address the growing international demand on transportation services around the globe through developing a powerful scalable tool.

RedCab LLC gives the chance for everybody to freelance as integrated service providers working on peer-to-peer scale, while taxi companies operate as an aggregated professional service provider. Our business model is designed to deliver 100% of the benefits to users versus 100% earnings to drivers and taxi companies through decentralizing the whole process.

The performance matrix and rewards program for drivers is designed to ensure that every single ride gets the highest quality from a customer experience standpoint, while a psychological factor is subtly implemented to govern the customer satisfaction part, and processes are in place to ensure the safety of both parties.

Vision RedCab :

RedCab LLC team have seen a clear opportunity in the Peer 2 Peer transportation industry for a unique business model to balance business goals and customer needs, supported by a powerful technical platform.

Blockchain technology is considered the backbone of our business model from providing secured transactions and fast contracting; it perfectly blends with our business model to deliver to the world a decentralized and community managed transportation solution ready to serve individuals and support businesses.

An existing company since 2016 with tangible on-ground operations. Bringing a globally innovative solution through the Blockchain to an existing market need with $230 Billion annual demand. A detailed roadmap, a working product with a dedicated and resilient team.

The Features RedCab :

ResearchWe move people from Point A to Point B by cars and spent 1 year of research in the transportation industry to understand potentials and technologies.

ReturnesLowest price for peer 2 peer transportation fare for customers with high returns for drivers.

MarketBuilding one community from different markets and embracing diversity for a better world.

TechnologyDeveloping a technical platform with a solid eye on the future. Introducing advanced technologies to the transportation industry to enhance customer experience and achieve better business results.

RedCab Solution Work :
RedCab uses the blockchain technology to efficienty create a better transportation system by reducing cost and also increased security for transactions through decentralization. By the mode of operation, RedCab will find it easy to access the trasnportation system properly yielding optimum perfomance, properly managed risk and also recycling of profit within the ecosystem. The flexibilty of RedCab makes it easy for its functionality to adapt to different geographical zones without any problem, this is one of the core reasons why it will not take much time before it operates globally.Why Use RedCab ?

We have seen that the transportation sector has so many issues like insecurity, inconsistency, unreliability and so many more. Although, so many previous models have been created to solve this, but it the end, they still suffer inevitable collateral damage. RedCab is quite different as it provides solution to problems that linger in the trasportation system by creating a business model that offers longterm quality, safey and profit for its users and most especially the drivers too are not left behind.

The RedCab technology will also offer taxi companies and drivers job sustainability without fear of dropping income. Transparency and consistency will also play a major role in the business model which will be achieved by a community driven decentralized solutiom governed by smart contracts. This ensures loyalty and continual usabilty from drivers and cutomers respectively.

RedCab has made sure their business model covers sustainability, affordabilty and security for customers. We no longer have to worry about our trips, delivery orders and so much more that evolves around the transportation system.

There will also be 3 categories of Cabs which are :

Economic Cabs which are really affordable to use and for quick trips.

Family Cabs which will be quite bigger in size to occupy more people, suitable for family trips.

Luxury Cab mostly for work trips and also business meetings, the luxurism is quite unique.

Red Cab which is the classy and distinctive one from others as it will contain only few people, users will pay quite more than the others and drivers will also be able to earn more tokens.

The busines model of RedCab LLC ensures that users are not afraid that they are spending more than what is necessary, hence the need for transparency which is why the smart contracts are going to be used. Also, the drivers will not have to worry about revenue being shared or part of their earnings cut off as they will be given the whole 100% accrued from trips.

The RedCab Mobile App will have numerous features one of which is display geo targeted ads for global reach. Users will not have to worry about conversion rate as it will be designed to make ads successful. It is also going to be multi-lingual with about 6 languages which will increase the user experience.

The Mobile App will also be able to schedule rides, users will be able to order for cabs and get the nearest driver within your location. You can also schedule your trips if you are the business type that attends meetings quite often.

Users Stand to gain with RedCab

CustomersNo one enjoys waiting to get cabs for trips and all, RedCab will reduce the waiting time of customers and ensure smooth usage.Lower transportation fare which in turn leads to good savings, and the rate does not fluctuate.The referral program creates opportunities for people to receive moe earnings.Tokens can also be earned throuh proof of marketing

DriversThere will be extra earning and profitMore rides per hour which brings more earnings tooMulti options of transportation servicesEarning tokens through PoD (Proof-of-Driving)

There are still so many benefits for users, the hotels and restaurants are not left out ad they can also earn with RedCab through ads and also discount.

Really interesting services which RedCab offers, it benefits all parties involved in the business. Below are some of the offered services.Car Hailing and Pooling - No need to get stranded looking for cabs for individual trips, family, business or any other associated purpose, with RedCab, you can easily request for a cab.Hotel and Airport Transportation - You can schedule various trips if you are going to hotels, clubs or special uses.Delivery and Pick-up services - if you have food others or to pick up stuffs from one point to another, it only gets easier with RedCab.

RedCab Technology :
The RedCab business model will be moved to a decentralized ecosystem which will also be equipped with dApps which will run on P2P as well as blockchain networks. This is to make sure there is no interference from third parties or any single authority. Other features include proof of marketing and proof of driving which provides incentives for drivers as they can earn tokens so far they follow due protocols while driving.

We will notify the public with the final total amount of REDC tokens in circulation after the completion of the Token Sale because tokens are minted as contributors buy it. This is to maximize the value of tokens sold, scarce the supply, and create a value for token holders once we’re listed on major exchanges. RedCab will not create any new REDC tokens after the Token Sale. Max Tokens Supply Cap is 100,000,000